Canada Forecast: Current Account Balance
1980 - 2027 | Yearly | USD bn | International Monetary Fund
Key information about Canada Forecast: Current Account Balance
- Canada Current Account Balance is forecasted to be 24.622 USD bn in Dec 2022 as reported by International Monetary Fund.
- It records a decrease from the last reported number of 1.238 USD bn in Dec 2021.
- Looking ahead, Canada Current Account Balance is projected to stand at -51.026 USD bn in Dec 2027.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.
View Canada's Forecast: Current Account Balance from 1980 to 2027 in the chart:
What is Canada's Forecast: Current Account Balance in 2027?
Canada Current Account Balance is forecasted to be 24.622 USD bn in Dec 2022 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -51.026 2027 | -42.134 2026 | -64.620 2012 | 24.622 2022 | USD bn | yearly | 1980 - 2027 |
Forecast: Current Account Balance by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (USD bn) | 2.247 2020 | yearly | 2002 - 2020 |
| Albania (USD bn) | -1.824 2027 | yearly | 1980 - 2027 |
| Algeria (USD bn) | -11.509 2027 | yearly | 1980 - 2027 |
| Andorra (USD bn) | 0.810 2027 | yearly | 2019 - 2027 |
| Angola (USD bn) | -0.421 2027 | yearly | 1980 - 2027 |
| Antigua and Barbuda (USD bn) | -0.226 2027 | yearly | 2014 - 2027 |
| Argentina (USD bn) | 4.479 2027 | yearly | 1980 - 2027 |
| Armenia (USD bn) | -1.221 2027 | yearly | 1992 - 2027 |
| Aruba (USD bn) | 0.051 2027 | yearly | 1999 - 2027 |
| Australia (USD bn) | -3.053 2027 | yearly | 1980 - 2027 |
| Austria (USD bn) | 13.349 2027 | yearly | 1980 - 2027 |
| Azerbaijan (USD bn) | 13.724 2027 | yearly | 1992 - 2027 |
| Bahamas (USD bn) | -0.842 2027 | yearly | 1980 - 2027 |
| Bahrain (USD bn) | 0.895 2027 | yearly | 1980 - 2027 |
| Bangladesh (USD bn) | -14.803 2027 | yearly | 1980 - 2027 |
| Barbados (USD bn) | -0.269 2027 | yearly | 1980 - 2027 |
| Belarus (USD bn) | -0.644 2027 | yearly | 1992 - 2027 |
| Belgium (USD bn) | 13.038 2027 | yearly | 1980 - 2027 |
| Belize (USD bn) | -0.193 2027 | yearly | 1980 - 2027 |
| Benin (USD bn) | -1.133 2027 | yearly | 1980 - 2027 |
| Bhutan (USD bn) | 0.006 2027 | yearly | 1980 - 2027 |
| Bolivia (USD bn) | -2.273 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (USD bn) | -1.141 2027 | yearly | 1998 - 2027 |
| Botswana (USD bn) | 0.886 2027 | yearly | 1980 - 2027 |
| Brazil (USD bn) | -52.376 2027 | yearly | 1980 - 2027 |
| Brunei (USD bn) | 2.668 2027 | yearly | 1981 - 2027 |
| Bulgaria (USD bn) | -0.116 2027 | yearly | 1980 - 2027 |
| Burkina Faso (USD bn) | -1.429 2027 | yearly | 1980 - 2027 |
| Burundi (USD bn) | -0.584 2027 | yearly | 1980 - 2027 |
| Cambodia (USD bn) | -3.855 2027 | yearly | 1992 - 2027 |
| Cameroon (USD bn) | -2.366 2027 | yearly | 1980 - 2027 |
| Canada (USD bn) | -51.026 2027 | yearly | 1980 - 2027 |
| Cape Verde (USD bn) | -0.168 2027 | yearly | 1980 - 2027 |
| Central African Republic (USD bn) | -0.210 2027 | yearly | 1980 - 2027 |
| Chad (USD bn) | -1.114 2027 | yearly | 1980 - 2027 |
| Chile (USD bn) | -11.499 2027 | yearly | 1980 - 2027 |
| China (USD bn) | 120.073 2027 | yearly | 1997 - 2027 |
| Colombia (USD bn) | -17.933 2027 | yearly | 1980 - 2027 |
| Comoros (USD bn) | -0.133 2027 | yearly | 1980 - 2027 |
| Congo (USD bn) | 0.397 2027 | yearly | 1980 - 2027 |
| Costa Rica (USD bn) | -2.264 2027 | yearly | 1980 - 2027 |
| Croatia (USD bn) | 1.947 2027 | yearly | 1992 - 2027 |
| Cyprus (USD bn) | -2.163 2027 | yearly | 1980 - 2027 |
| Czech Republic (USD bn) | -1.946 2027 | yearly | 1995 - 2027 |
| Democratic Republic of Congo (USD bn) | -0.128 2027 | yearly | 1980 - 2027 |
| Denmark (USD bn) | 33.743 2027 | yearly | 1980 - 2027 |
| Djibouti (USD bn) | 0.090 2027 | yearly | 1991 - 2027 |
| Dominica (USD bn) | -0.112 2027 | yearly | 2014 - 2027 |
| Dominican Republic (USD bn) | -3.382 2027 | yearly | 1980 - 2027 |
| Ecuador (USD bn) | 2.865 2027 | yearly | 1980 - 2027 |
| Egypt (USD bn) | -16.426 2027 | yearly | 1980 - 2027 |
| El Salvador (USD bn) | -1.887 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (USD bn) | -0.679 2027 | yearly | 1987 - 2027 |
| Eritrea (USD bn) | 0.396 2027 | yearly | 1993 - 2027 |
| Estonia (USD bn) | -0.224 2027 | yearly | 1993 - 2027 |
| Swaziland (USD bn) | 0.020 2027 | yearly | 1980 - 2027 |
| Ethiopia (USD bn) | -6.430 2027 | yearly | 1980 - 2027 |
| Fiji (USD bn) | -0.616 2027 | yearly | 1980 - 2027 |
| Finland (USD bn) | -1.630 2027 | yearly | 1980 - 2027 |
| France (USD bn) | -30.343 2027 | yearly | 1980 - 2027 |
| Gabon (USD bn) | -0.469 2027 | yearly | 1980 - 2027 |
| Gambia (USD bn) | -0.294 2027 | yearly | 1980 - 2027 |
| Georgia (USD bn) | -1.887 2027 | yearly | 1995 - 2027 |
| Germany (USD bn) | 369.259 2027 | yearly | 1980 - 2027 |
| Ghana (USD bn) | -3.522 2027 | yearly | 1980 - 2027 |
| Greece (USD bn) | -7.449 2027 | yearly | 1980 - 2027 |
| Grenada (USD bn) | -0.195 2027 | yearly | 2014 - 2027 |
| Guatemala (USD bn) | 0.614 2027 | yearly | 1980 - 2027 |
| Guinea (USD bn) | -2.089 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (USD bn) | -0.091 2027 | yearly | 1980 - 2027 |
| Guyana (USD bn) | 4.538 2027 | yearly | 1980 - 2027 |
| Haiti (USD bn) | -0.200 2027 | yearly | 1980 - 2027 |
| Honduras (USD bn) | -1.656 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (USD bn) | 35.278 2027 | yearly | 1980 - 2027 |
| Hungary (USD bn) | 1.584 2027 | yearly | 1980 - 2027 |
| Iceland (USD bn) | 0.317 2027 | yearly | 1980 - 2027 |
| India (USD bn) | -127.967 2027 | yearly | 1980 - 2027 |
| Indonesia (USD bn) | -28.066 2027 | yearly | 1980 - 2027 |
| Iran (USD bn) | 9.784 2027 | yearly | 1980 - 2027 |
| Iraq (USD bn) | 5.649 2027 | yearly | 2001 - 2027 |
| Ireland (USD bn) | 49.864 2027 | yearly | 1980 - 2027 |
| Israel (USD bn) | 14.758 2027 | yearly | 1980 - 2027 |
| Italy (USD bn) | 75.711 2027 | yearly | 1980 - 2027 |
| Ivory Coast (USD bn) | -3.941 2027 | yearly | 1980 - 2027 |
| Jamaica (USD bn) | -0.832 2027 | yearly | 1980 - 2027 |
| Japan (USD bn) | 202.021 2027 | yearly | 1980 - 2027 |
| Jordan (USD bn) | -1.943 2027 | yearly | 1980 - 2027 |
| Kazakhstan (USD bn) | -5.754 2027 | yearly | 1992 - 2027 |
| Kenya (USD bn) | -7.699 2027 | yearly | 1980 - 2027 |
| Kiribati (USD bn) | 0.028 2027 | yearly | 1980 - 2027 |
| South Korea (USD bn) | 94.181 2027 | yearly | 1980 - 2027 |
| Kosovo (USD bn) | -0.775 2027 | yearly | 2000 - 2027 |
| Kuwait (USD bn) | 34.812 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (USD bn) | -0.717 2027 | yearly | 1992 - 2027 |
| Laos (USD bn) | -1.575 2027 | yearly | 1980 - 2027 |
| Latvia (USD bn) | -0.141 2027 | yearly | 1992 - 2027 |
| Lebanon (USD bn) | -3.876 2020 | yearly | 1980 - 2020 |
| Lesotho (USD bn) | -0.152 2027 | yearly | 1980 - 2027 |
| Liberia (USD bn) | -0.739 2027 | yearly | 2000 - 2027 |
| Libya (USD bn) | 2.305 2027 | yearly | 1980 - 2027 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.9 Jun 2022 | quarterly | Jun 1993 - Jun 2022 |
| Consolidated Fiscal Balance (USD mn) | 2,069.368 May 2022 | monthly | May 1992 - May 2022 |
| Tax Revenue (USD mn) | 23,970.634 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| Tax Revenue: % of GDP (%) | 13.1 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| National Government Debt (USD mn) | 1,455,818.8 2022 | yearly | 1962 - 2022 |
| Government Debt: % of GDP (%) | 71.0 2022 | yearly | 1962 - 2022 |
| Forecast: Government Expenditure (CAD bn) | 1,390.376 2027 | yearly | 1980 - 2027 |
| Forecast: Government Net Debt (CAD bn) | 2,927.597 2027 | yearly | 1980 - 2027 |
| Forecast: Government Revenue (CAD bn) | 1,380.415 2027 | yearly | 1980 - 2027 |
| Budgetary Revenue (CAD mn) | 36,217.000 Jun 2022 | monthly | May 1992 - Jun 2022 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 30,692.000 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 5,872.000 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| Budgetary Expense (CAD mn) | -31,340.000 Jun 2022 | monthly | May 1992 - Jun 2022 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 4,877.000 Jun 2022 | monthly | May 1992 - Jun 2022 |
| FIN Forecast: Budgetary Expense (CAD mn) | 498,100.000 2027 | yearly | 1996 - 2027 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 481,000.000 2027 | yearly | 1996 - 2027 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| FIN Forecast: Budgetary Balance (CAD mn) | -13,100.000 2027 | yearly | 1996 - 2027 |
| Net Financing Activities (CAD mn) | -7,603.000 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| FIN Forecast: Federal Debt (CAD mn) | 1,358,900.000 2027 | yearly | 1997 - 2027 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.592 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 3,132.0 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Exports (USD mn) | 52,759.7 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Exports Growth (%) | 26.9 Jul 2022 | monthly | Jan 1989 - Jul 2022 |
| Aluminum: Exports (USD th) | 9,881,908.000 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 8,651,176.943 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 951,763.844 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 49,627.7 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Imports Growth (%) | 19.6 Jul 2022 | monthly | Jan 1989 - Jul 2022 |
| Imports: Medicament (USD th) | 9,962,257.486 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,570,531.231 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 40,766.775 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Imports from USA (USD mn) | 31,610.699 Jul 2022 | monthly | Jan 1997 - Jul 2022 |
| Total Exports to China (USD mn) | 1,649.660 Jul 2022 | monthly | Jan 1997 - Jul 2022 |
| Total Imports from China (USD mn) | 4,371.831 Jul 2022 | monthly | Jan 1997 - Jul 2022 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 2,385.000 May 2022 | monthly | Jan 1977 - May 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 48,287.612 Jul 2022 | monthly | Jan 2022 - Jul 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 19,425.605 Jun 2022 | monthly | Jan 2022 - Jun 2022 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,342,830.136 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Household Debt: % of GDP (%) | 104.1 Jun 2022 | quarterly | Mar 1969 - Jun 2022 |
| Money Supply M1 (USD mn) | 1,251,028.669 Jun 2022 | monthly | Mar 1975 - Jun 2022 |
| Money Supply M2 (USD mn) | 1,839,219.952 Jun 2022 | monthly | Jan 1968 - Jun 2022 |
| M2 Growth (%) | 4.7 Jul 2022 | monthly | Jan 1969 - Jul 2022 |
| Foreign Exchange Reserves (USD mn) | 80,964.0 Aug 2022 | monthly | Jun 1999 - Aug 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 3.693 Mar 2022 | quarterly | Jun 1999 - Mar 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.7 Jul 2022 | monthly | Jun 1999 - Jul 2022 |
| Gold Reserves (USD mn) | 0.000 Aug 2022 | monthly | Dec 1956 - Aug 2022 |
| Total Deposits (USD mn) | 4,175,320.148 Jun 2022 | monthly | Jan 2009 - Jun 2022 |
| Total Deposits Growth (%) | 9.5 Jun 2022 | monthly | Jan 2010 - Jun 2022 |
| Domestic Credit (USD mn) | 4,577,332.8 Jun 2022 | monthly | Jan 1969 - Jun 2022 |
| Domestic Credit Growth (%) | 7.8 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Debt Service Ratio: Households (%) | 12.700 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.700 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
| Credit to Households (USD bn) | 2,111.239 Dec 2021 | quarterly | Mar 1969 - Dec 2021 |
| Credit to Private Non-Financial Sector (USD bn) | 4,508.771 Dec 2021 | quarterly | Mar 1954 - Dec 2021 |
| Household Debt (USD mn) | 2,140,661.2 Jun 2022 | monthly | Jan 1969 - Jun 2022 |
| Total Loans (USD mn) | 3,074,427.006 Jun 2022 | monthly | Jan 1969 - Jun 2022 |
| Total Loans Growth (%) | 8.89 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Private Debt: % of Nominal GDP (%) | 222.61 Jun 2022 | quarterly | Mar 1969 - Jun 2022 |
| Money Supply: M3: Gross (CAD mn) | 3,298,531.000 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Money Supply: M1+: Gross (CAD mn) | 1,622,659.000 Jun 2022 | monthly | Mar 1975 - Jun 2022 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,199.000 Jun 2022 | monthly | Mar 1975 - Jun 2022 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,367,260.000 Jun 2022 | monthly | Jan 1968 - Jun 2022 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,365,128.000 Jun 2022 | monthly | Jan 1968 - Jun 2022 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,302,468.000 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Official International Reserves (USD mn) | 107,766.000 Aug 2022 | monthly | Dec 1994 - Aug 2022 |
| Official International Reserves: Gold (USD mn) | 0.000 Aug 2022 | monthly | Dec 1994 - Aug 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -10.2 Aug 2022 | monthly | Dec 2001 - Aug 2022 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 60.900 Aug 2022 | monthly | Dec 2000 - Aug 2022 |
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